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Market Impact: 0.1
Innovative Industrial Properties' Series A Preferred Stock Yield Pushes Past 9%
Source: Nasdaq
Capital Returns (Dividends / Buybacks)Company Fundamentals
Innovative Industrial Properties' 9.00% Series A Cumulative Redeemable Preferred Stock (IIPR.PRA) traded as low as $24.93 on Monday, pushing its annualized $2.25 quarterly-dividend yield above 9%. The item highlights income characteristics of the preferred shares rather than a material change in the company’s operating outlook.
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Overall Sentiment
neutral
Sentiment Score
0.05
Ticker Sentiment
IIPR0.10
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